- Crypto markets viewed over $ 200 million in liquidation
- Bitcoin (BTC ($ 118,443.00) smelled blue $ 116,000 briefly before starting up to $ 117,000.
- The US Federal Reserve kept the interest rates stable, citing the pressure of potential inflation from the Powell Tariff.
On Wednesday, a wave of instability was washed away through the cryptocurrency markets, as Hawkish comments and tariffs take advantage of seventy on inflation of Federal Reserve President Geom Powell.
Sudden market shock resulted in over $ 200 million in liquidation in the same hour, Bitcoin briefly blew a mark of $ 116,000.
The US Central Bank, as required, left its benchmark interest rates unchanged in its latest policy decision.
However, this was the latter comments of the chair Powell that captures the market full attraction. He emphasized the ability of the press of inflation, especially from the impact of business, to emerge again.
This captionus trend was created in the event of two federal reserves from the decision, indicating their priority to cut immediate rates.
The Crypto market reaction to Powell’s Hawkish tone was sharp and faster. In the house where he spoke, more than $ 200 million in the liquidity of leverage, one traffic exceeded all digital assets, united for data from coating.
Bitcoin (BTC) felt immediate pressure, dip $ 116,000.
However, very little alignment to sell. Later in the session, Bitcoin managed to bounce back above $ 117,000, when it was still 0.8% below the day and continued to trade at the bottom of its tight, three-wink range.
Ether (Eth ($ 3,859.99)) experienced a uniform whipps, initially ended the period with a slight loss of 0.6% in the last 24 hours, slipping more than 3% before recovering to trade at $ 3,750.
Altcoins are also interested, the decline of the steper, solana’s SOL ($ 180.25), avalanche of avax ($ 23.55), and the propagation of hyperlikid ($ 42.60) all fall to all 4% -5% with tokens. Their disadvantages.
Meme coins such as Bonak ($ 0.00) and Pengu ($ 0.04) rose more than 10% before jumping back.
This instability in Crypto Space is contradictory with positive decorations in the traditional stock market, where Tech Giants Meta (META) and Microsoft (MSFT) earned strong quarterly, 10% and 6% of stock, 10% and 6%, responsible, later, in Hars Trading.
‘Behind the curve’? Analysts see a fed pivot on the horizon
Despite Powell’s vigilant rhetoric, some market analysts believe that the Federal Reserve may wrong the economic landscape.
“The market may be faster thinking that the Fed Curve may be behind,” Matt Mena said, Digital Asset Issheer 21shares has an important point in a market in a market.
Manna wrote, “Lastweak’s PCE (personal consumption expenditure) print marked the second soft reading in one line, and consumer is a speaking dress.”
High and actual yields with unemployment are still banned, overturning such tight policy risks in a broad recession.
MENA said the current market setup is reminiscent of the last quarter of 2023, which is “characterized by a fed fed by” softtening inflation, rising political voltality, and lagging indicators. ”
He argued that the “platform has been set” for the Federal Reserve “eventually to pill to reduce interest rates, a proposal that he considers a powerful catalyst for bitcoin, is probably running them up to $ 150,000 at the end of the year.
For now, however, the current Hawkish stance of the market Fed and a final, and perhaps necessary, is caught amid the increasing expectation of policy changes.
The post Crypto markets are seen $ 200m in liquidation as Fed’s Powell first appeared on the coinjourn for Hawkish comment.
